IOTA/USD. R Trader
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Thread: IOTA/USD. R Trader

  1. #1
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    IOTA/USD. R Trader

    IOTA/USD


    IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of Things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA's transactions are free regardless of the size of the transaction, confirmations times are fast, the number of transactions the system can handle simultaneously is unlimited, and the system can easily scale. IOTA was founded in 2015 by David Sonstebo, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov.

    This instrument is available for trading on the platform R trader. You can start trading with as few as 10 USD on your trading account.

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    IOTA/USD

    IOTA is traded in the downtrend of the daily trend, at the moment the pair is supported in the $ 0.26 price area. If this level resists (will not be broken down),
    a correctional growth can be on the level of 50% by Fibonacci from the previous day's fall, the goal is $ 0.38.


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  3. #3
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    IOTA/USD is generally still bearish with a few pull backs here and there, yesterday it did a pull back to the 50 moving average which was quite aggressive because of the reaction that was experienced from that point, the move away from it was sharp creating something like a parabolic angle, now price is at 0.2202, it will test the 50 moving average before it will either climb above to about 0.2300 or come to 0.2000 depending on who wins.

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    IOTA USD was able to make a low point of 0.2218 my expectations was that it should get to 0.2000 but it was shy of this level with about 218 points, the price has presently climb above the 50 moving average in the 5 minutes time frame which is now acting as a support to it, price did do a retracement and bounced off it, 0.2500 is where I guess this present bullish movement might get to except something disrupts that along the way.

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  5. #5
    Trader nadezhda84's Avatar
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    iota.jpg



    The current price in the IOTA-USD instrument is 0.3869$. This is above the 400 hours simple moving average, 0.3509$. The price is neat 0.00 Fibo level, $0.4100. One can expect retracement down to 0.34$ in the coming week. However, stochastic oscillator, 4-hours, 3, 3, 5, is uncertain and does not confirm movement down. I recommend to keep waiting for a good entry point to make a SELL.

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    Trader nadezhda84's Avatar
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    The current rate in the IOTA-USD trading instrument is 0.2897$. The local trend is bearish during the second half of this week. During weekend, a side movement was recorded, but recently the price dropped further down. The price is also below 400-hours SMA, thus, a downtrend is quite likely. The 4-hour stochastic (5,5,3) indicates a downtrend that is not about to finish. My expectation is that the downtrend may continue on Monday. From Tuesday, we need to monitor USD dynamics vs. major currencies.

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    IOTA/USD during last Friday's trading broke the upward trend line after a failure to penetrate the 0.4023 $ resistance zone. The coin continued to land until $0.3601 areas, and the coded currency of these areas was worn up to $0.3942 levels. IOTA/USD trades in a downward direction on the 4-hour interval this trend suffers from a weakened state of higher peak than another and a higher bottom than another.


    It is expected that in case of breaking the $0.2943 area may target the 0.2306 $ area. While, in the case of penetration $0.3246 area may target $0.3695 areas.


    Support: 0.3036 – 0.2184-0.1796.
    Resistance: 0.3573 – 0.4023 – 0.5033.


    Direction: Bearish.

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  8. #8
    Trader nadezhda84's Avatar
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    The current rate in the IOTA-USD trading instrument is 0.3181$. The price is in the neutral zone. In the attached chart, you can see that the current price coincides with the 800 hours simple MA and is located very close to the Fibo 50 level, which is also considered neutral. 4-hour stochastic indicator (parameters of 5, 3 and 3) is not informative in this situation, since volatility over the weekend is small to be decisive.

    Since the motion is neutral, I would wait for a trading week beginning to get better signals. much will depend on the dynamics of USD on the traditional markets.

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    After it has successfully fallen from a great height of 0.3300 and made a new record low of 0.2930 iota USD is trying to make a recovery which I am not sure can happen, there is too much bear influence on this CryptoCurrency at present. It could attempt to make a retracement back to 0.3150 before it would continue this downward journey, but I sincerely doubt the possibility of that, sellers are in charge until maybe 0.2850 or thereabout.

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  10. #10
    Trader nadezhda84's Avatar
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    The current rate of IOTA crypto-currency versus USD is 0.2930$.


    The price is below the local average level (see the attached Fibonacci diagram in R-Trader) and below 800 hours simple moving average (0.34 USD). The 4-hour stochastic (5,3,3) is below level 30% and does not move down anymore. Therefore, a trend reversal is probable in the near future. It is good to buy at the local minimum of January, 0.275 USD.


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